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Hong Kong (AFP) - The euro sank to an 11-year low Monday but Asian equities largely recovered from early losses after an anti-austerity party won Greece's election, throwing its international bailout into doubt and raising fears it could leave the eurozone.

Submitted by Raul Ilargi Meijer via The Automatic Earth blog, Oh well, some are more equal than others. One day after Eurogroup head Dijsselbloem says France won’t get any more lenience … France Must Respect EU Budget Rules

Reuters reports Greece Has Three Days to Deliver Reforms or Face Consequences.
Greece has three days to reassure Europe and the IMF that it can deliver on conditions attached to its bailout in order to receive its next tranche of aid, four euro zone officials said on Tuesday.

FRANKFURT/BRUSSELS — Greece’s new leftist government appealed to the European Central Bank on Wednesday to keep its banks afloat as it seeks to negotiate debt relief with its eurozone partners, but Germany rejected any roll-back of agreed austerity policies.
Finance Minister Yanis Varoufakis said after meeting ECB President Mario Draghi in Frankfurt he believed Athens could count on central bank support during the short period it would take to conclude talks with international lenders.

With Greece just three weeks away from the general election on Jan. 25, called after the country's politicians failed to elect a president at the end of December, Athens is firmly back in Europe's spotlight along with a serious discussion about whether Greece will remain in the euro.